Meridian Management Group in Santa Rosa, CA

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Tips & Advice

What are the benefits of hiring a property management company?

Some of the key benefits of hiring a property management company include:

Better tenants: The best property management companies are skilled at tenant screening. This can help you attract a higher caliber of tenants to your building. Effective tenant screening can bring in tenants who are more likely to pay their rent in a timely fashion, and who are more likely to remain long-term residents of the building. Screening can also provide you with tenants who are less likely to damage the rental property.

Shorter vacancy cycles: If a tenant moves out, it can take awhile to find a qualified replacement. It's in your best interest to keep this vacancy cycle as short as possible, since you won't be earning any money from an empty unit. Skilled property managers can handle the process of finding a replacement tenant quickly and effectively. This results in shorter vacancy cycles.

Freedom from the day-to-day responsibilities associated with property management: If you manage a property yourself, you'll have to deal with things like rent collection, tenant complaints, and maintenance and repair issues. These responsibilities can be bothersome and time-consuming. Hiring a property management company will help you avoid having to deal with these tasks on a daily basis.

Reduced tenant turnover. Tenant turnover can impact the profitability of a rental unit. The best property management companies know how to keep their tenants happy, and happy tenants are a lot less likely to move out of the building and a lot more likely to take reasonable rent increases in stride.

How to find a property manager?

Use the following steps to find and hire a property manager:

Get referrals, or conduct an online search: Start by getting referrals from sources you trust. Be sure to get referrals from multiple sources to avoid bias. You can also conduct an online search to find property management companies that are based in your area.

Check for ratings, reviews, and complaints: Once you're built a list of candidates, check with the Better Business Bureau to see if complaints have been lodged against any of the companies. It's also wise to visit third-party review sites to see what types of ratings and reviews each company has received.

Look at each company's current work. After weeding out those companies with credible complaints and poor reviews, look at the current work of the companies that remain on your list. Evaluate the ads posted by these companies; you'll want to work with a company whose ads project professionalism. Visit buildings managed by these companies, and speak with the tenants. The best property management companies have tenants who are happy with the services they provide.

Conduct interviews with the top candidates: Next, conduct interviews with the property managers who remain on your list. Look for a company with staff members who are responsive to your questions and open to hearing about your priorities and concerns.

Check licensing: At this point, you should have a favorite or two. Before signing on the dotted line, verify that the company is licensed to manage property in your state. In most states, a real estate broker license is required, while a few states require a property management license.

Carefully review the agreement: Once you've been presented with a property management agreement from the company you've chosen, check to make sure it explicitly includes all the duties and responsibilities you'd like the property management company to handle.

Does property management require a license?

In most states, property management requires a real estate broker license. To obtain this license, you need to have a high school diploma or its equivalent, along with at least two or three years of real estate experience. Classes in real estate education are required, as well as passing a real estate broker's exam.In a handful of states, a specific property management license is required before someone can legally manage property. This license is required in Montana, Oregon, South Carolina, and South Dakota.

How much do property management companies charge?

The rates charged by property management companies vary depending on the services provided, and location may also impact the fees charged. Most property management companies charge a rate that totals 8 percent to 12 percent of the property's rental value. Others might charge a flat fee that has nothing to do with rental value, and instead relates to the range of services provided. Property management companies might charge an extra fee for services such as tenant placement and eviction.

What is the job of a property manager?

A property manager is a professional hired by a property owner to handle the day-to-day management of a rental property. A property manager sets rental rates and collects rent from tenants, and is also responsible for finding and screening tenants. Property managers handle property-related maintenance and repair issues, and they can tackle responsibilities related to tenant move-outs, evictions, complaints, and emergencies.

What are the benefits of using a staffing agency for companies?

The benefits of using a staffing agency as a company is that it takes a lot of the burden and expense of searching for qualified candidates away from the company, and places all the recruitment, screening, and testing responsibility onto the agency. It also allows companies to “try out” new employees without fully committing to them--i.e. onboarding with benefits and government tax paperwork. In industries where there’s a lot of turnover, or where needs fluctuate, companies appreciate working with staffing agencies that can fill many spots with qualified part-time talent for as long as the company needs them and no longer. In simple terms, a staffing agency reduces the “cost per hire” and protects companies from having to pay unemployment on employees that weren’t around for very long.When it comes to using a recruiter-type of specialized agency, the benefit is nearly opposite in that these agencies devote time to finding the best passive candidates (i.e. those who are not looking to switch jobs) and convincing them to move the client company.

What are the benefits of using a staffing agency for job seekers?

The benefits of using a staffing agencies if you’re a job seeker is that the agency gets a commission for placing candidates, so they have incentive to place people in positions. At their best, they actively have people searching for new openings every day, and they also have people working to match the best candidates up with those openings. Even the not-so-great staffing agencies are still doing the “leg work” of combing through opportunities and sending resumes/applications out on behalf of their job-seeker clients. They might be sending through many candidates for the same positions, but it’s still better than nothing.Another benefit is that if a candidate finds work through a staffing agency, in many cases they’ll receive benefits, or be paid as an employee, instead of being a 1099 contractor as many companies set up their contractors and freelancers these days.

What does a staffing agency do?

A staffing agency matches job candidates up with available positions. Many agencies also actively recruit new candidates for fields where there are many openings, or where there’s high turnover--or, on the flip side, where a job requires a highly specialized and qualified type of candidate. Staffing agencies range from high-volume temp agencies that place many people for short-term openings to very specialized niche agencies (AKA recruiters or headhunters) that only work with a select number of highly desirable candidates and high-paying jobs.

How much does landscape design cost?

The cost of landscape design varies depending on the scope of the project. Expect to pay anywhere from $2,000 to upward of $11,000 for the initial design. The cost of purchasing and installing the necessary elements can cost from $11-$17 per square foot.

I have used Charterhill Rentals for Placement services and they were very helpful and professional in finding me tenants. They made the process easy and understandable and the documentation problems were handled easily and quickly. I will use them next time when I need to find new tenants again.

My wife and I were currently inquiring about a property in Santa Rosa Area. My wife hadoesn't the fortune to meet the property owner who seemed very enthusiastic about renting us the property which should be ready in May according to Mike Burbank

I FIND IT AMUSING THAT YOU HAVE THIS BUSINESS LISTED AS CLOSED..IT IN FACT IS NOT CLOSED AND HAS BEEN OPERATING FOR OVER 25 YEARS..ROB AND HIS STAFF HAVE LANDSCAPED 11 HOMES THROUGHOUT CALIFORNIA FOR ME..I SUGGEST YOU UPDATE YOUR RECORDS....HIS WORK WAS AND STILL IS OUTSTANDING..EXTREME DESIGNS AND SOME BEAUTIFUL LIGHTING MAKE THESE HOMES REALLY STAND OUT..GLENN R.